3 Tax Moves to Make Amid the COVID-19 Pandemic
With COVID-19 dominating the news, it's easy to let tax matters fall by the wayside -- especially if you're worried about losing your job or are struggling with the logistical ramifications of living in lockdown. But the tax moves you make in the coming weeks could put you in a more favorable financial position, so consider these three sooner rather than later.
Back in March, the IRS pushed back the tax-filing deadline by three months to give Americans more time to deal with their returns in the midst of what was, at least back then, a relatively new normal. Usually, taxes are due by April 15, but now, you have until July 15 to submit your return to the IRS. But if you're due a refund, it pays to complete your taxes much sooner than that. The longer you wait, the longer it will take for the IRS to pay you your refund, and if you're struggling financially right now, that extra cash could serve as a lifeline.
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Source Fool.com
